Search results

Brutal day. Shooting from the hip...but I'll survive. I'll post detailed accounting EOD. Here's synopsis of the day so far;

Trade 11 Filled 50.00, details to follow...

Out. 55.00 risk (45.00 cr) (again irons pictured, I did puts)

I'll be trying to trade my way out of a paper bag this AM. Caveat Emptor...

Trade 10 Long 5-lot GOOGL Feb07 1350/1400/1500 231 Put Fly from 45.00 risk (screenshot is the iron at time of fill, but I did the puts, didn't have time to grab pic)

Did you get long prior?

Wow really!?! We all have the internet bro

Blue horseshoe loves Anacott Steel

I sold half. If the move is that severe, that 1-lot won’t save me. We’ll just have to wait and see how it turns out.

He is short stock. The conversion would be to a synthetic short straddle, neutral to 700. Unless I’m mistaken.

Pro: collect premium while being short delta Con: diminishing returns below 700

Ugh. Had to close 1. This is why ad hoc hedging is dumb.

maybe not enough, but I'll stick here :)

Long 2-lot ESH20 from 3252 as partial hedge

Trade 9 Long 10-lot AAPL Feb07 287.5/300/325 231 Iron Fly from 13.00 risk (12.00 cr)

Perhaps it is. That looks good. I'll look in more detail...

Trade 8 Long 4-lot SPX Feb05 3175/3225/3325 231 Iron Fly from 44.20 risk (55.80 cr)

I am good at what I do because I learned from the best. Maybe I blow out on Monday, maybe I don’t. But I assure you, it’ll be a marketable fill.

I made simple table to show you equivalents. These are the quantities long/short for each leg. Notice for 253/352 it's 1.5 for irons, this is to reduce to 1-lot so you can compare to other structures. But you can't trade 0.5 a contract, so you must trade 2-lot minimum. Second table shows conversion.

Now you've done it! You've revealed your identity. Won't be long now for all the trolls to come out of the woodwork to high-jack this thread. Regardless, welcome back Brutal Master.